President Trump weighed in on Elon Musk's suggestion about creating a "new political party" in the wake of their rift.

Less than a week after lavishing praise on each other in the Oval Office, US President Donald Trump and Elon Musk, the world’s richest man, fell out spectacularly and publicly. In a war of words that escalated on Thursday,

President Trump has threatened to cut the US government’s ties with Elon Musk’s businesses after the former “first buddy” fell out with the commander in chief. As Musk began slashing away at what he called government waste with the Department of Government Efficiency earlier this year,